Noxopharm Raises AU$2.5 Million Through Share Sale

MT Newswires Live

2025/05/20

Noxopharm (ASX:NOX) said it has raised nearly AU$2.5 million in non-dilutive funding by selling its entire stake in Biotechnolgy company Nyrada (ASX:NYR), according to a Tuesday filing with the Australian bourse.

The proceeds will be used to launch the upcoming Heracles clinical trial and invest in research and development, the filing said.

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